SPECIAL FOCUS: New Banks on the Block
 
  • Retailers

    As South African retailers struggle, businesses in other African markets start to shine.

  • Up in the Air

    Government is still looking for funds and a partner to keep the flag carrier operational.

  • Zimbabwe

    European Union has released R270 million in emergency food aid as severe hunger continues.

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Banks

Absa signs R7bn deal to boost lending in Africa

Jan 07 2020 14:18

Absa Group has entered into an agreement with the Multilateral Investment Guarantee Agency to bolster the bank’s lending capacity in Ghana, Kenya, Mauritius, Mozambique, Seychelles, Uganda and Zambia.

Banks

Absa's new boss faces tough fight to win back business

Jan 07 2020 12:46

The Reserve Bank’s former second-in-command, Daniel Mminele, will have his work cut out for him when he takes office as the new CEO of Absa on January 15.

Banks

Postbank journey to bank status at an advanced stage, says minister

Oct 24 2019 21:05

Minister of Communications Stella Ndabeni-Abrahams says responsibility and control of Postbank has been transferred to the Postbank Board and management in line with section 6 of the South African Postbank Limited Act.

Companies

Absa plans China office in Asia investment banking expansion

Oct 11 2019 11:17

Absa’s corporate and investment banking unit plans to open an office in China as part of an expansion that will also target other parts of Asia and the Middle East.

Banks

Absa receives Fed go-ahead to set up New York representative office

Oct 07 2019 16:44

Absa says the establishment of a representative office would mean it has an independent presence in the US following its separation from Barclays.

Banks

Govt plans for Postbank are 'backward', belong in Thatcher era - union

Sep 27 2019 11:33

Communication Workers Union secretary general Aubrey Tshabalala says a proposal to realign Postbank’s shareholding to National Treasury was at odds with best practice globally.

Banks

Warning: Criminals are impersonating SA CEOs and other execs to steal money

Sep 25 2019 09:30

Criminals impersonate senior managers and send email requests to junior staff in the accounting or finance function requesting that an urgent payment be made to a specific beneficiary.

Inside Fin24.com

 
Banks

Future of Postbank still in the balance after Barnes resignation

Sep 03 2019 22:01

Minister of Communications Stella Ndabeni-Abrahams has said that differences in determining the fate of Postbank were behind the decision of Mark Barnes to resign as CEO of the South African Post Office, and that talks are still underway to determine a path forward.

Banks

Mboweni to EFF: Treasury has no evidence of rand manipulation by banks

Aug 09 2019 11:27

Minister of Finance Tito Mboweni has told Members of Parliament belonging to the Economic Freedom Fighters that neither National Treasury nor the South African Reserve Bank had evidence of currency manipulation by South Africa’s banks and, therefore, did not investigate it.

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